No digital token traded in the green amid Thursday’s early hours. Bitcoin dropped 10%, while Ethereum noted an 18% nosedive. Meanwhile, the altcoin marketplace bled severely. The crypto market suffered today as the global economy battled multiple factors. The stablecoins’ unstable algorithmic hurt sentiment in the crypto market, whereas U.S dollar-tied tokens see ‘de-pegs,’ dragging…
Tezos price analysis reveals a pessimistic market sentiment. XTZ’s current support stands at $2.45. The alternative token trades at $2.49. Tezos (XTZ) is among the multiple alts that suffered severely during the latest market-wide crash. The token dropped more than 3% within the previous day, currently trading beneath the $2.5 level. Meanwhile, the altcoin exhibited…
Top cryptos, Bitcoin and Ethereum, failed to regain vital levels following colossal liquidations. While writing this content, BTC changed hands beyond $31K, while Ethereum trades near the $2.4K level. For now, the crypto market attempts recoveries from the latest bloodbath. The ongoing bearishness had alts such as DOGE, LINK, and FTT gravitating toward yearly/monthly lows…
Goldman Sachs has launched its initial BTC (Bitcoin)-supported loan, as included in a prominent move toward the organizational crypto adoption across Wall Street. Bloomberg was told by a Goldman spokeswoman that the banking institution (that operates in several countries) has lent cash which is collateralized by BTC in the possession of the borrower as the…
The digital euro’s development will continue as the Eurosystem and ECB (European Central Bank) have started pursuing firms to take part in a project for the prototyping of payments services for consumers. the providers of payment services, banks, as well as the rest of the relevant firms were requested to speak their interest in the…
Polygon (MATIC) maintained a long-term surge as it printed a 6-month-long rising wedge and touched its all-time high on December 27. However, the landscape changed as the alt saw downtrends while presenting a discouraging relationship with the Exponential Moving Average ribbons. As the prevailing plunging wedge drop nears the long-term footing at $0.961, bulls would…
Bitcoin’s landscape sees extreme fear again after the latest retracement, which data suggests whales are behind the downside spiral. The Fear & Greed index plummeted into the extreme fear region as Bitcoin declined. Moreover, the metric never explored such poor conditions since late January, when the bellwether crypto plummeted to $33,000. Fear in Front Seat…
Texas’s crypto-friendly city Fort Worth will commence with Bitcoin mining by utilizing three mining rigs of Bitmain Andminer S9 that are donated on the behalf of the Texas Blockchain Council. The city mayor is of the view that mined Bitcoin could offset the operational charges, which will be a part of the balance sheet of…
According to a tweet posted by the official Wanchain Twitter account, Cardano’s parent company IOHK is now working with Wanchain to introduce further interoperability. Wanchain and Cardano Team Cardano’s quest towards interoperability is now seeing significant progress as its parent company, IOHK has developed a partnership with Wanchain to bring interoperability between the Cardano mainnet,…
As the network progresses on solving issues related to the Bitcoin transactions, it has been seeing a massive rise in usage. Perks of the Lightning Network The Lightning Network continues its path towards becoming the top network associated with the blockchain, hosted by the current king of cryptocurrencies, Bitcoin. The network has provided many ways…
The biggest crypto exchange across the globe introduced its exclusive service named Binance Refugee Crypto Card. The respective service is for the present as well as the upcoming consumers of the platform from Ukraine, that were compelled to migrate to some other nations because of the army clash between Russia and Ukraine. The card service…
NFT Plazas has officially launched the first-ever advert system that will allow users to display their designed billboards in the virtual world. The innovative invention is the first of its kind and it is created to enable millions of business brands that are in various decentralized worlds to make their presence known via a prolific…
Cardano has seen bears control its price movements for some time now. The alternative token appeared to discover renewed selling momentum following the dip beneath the EMA ribbons. While such developments indicated a further downtrend, the current plunging wedge formation means a possible gain in the near term. ADA traded near $0.7937 at this publication,…
After accepting crypto donations for nearly a decade, Wikipedia has halted crypto donations following discontent by the Wikipedia community. The Wikimedia Foundation (WMF), the NGO that runs the popular internet encyclopedia, Wikipedia, has been embroiled in various discussions with its community members over the decision to keep accepting crypto donations. Discussions Have Been Ongoing Since…
Stellar saw its price nearing a retest of the $0.168 mark inside a declining wedge, and the upcoming sessions can see XLM in a break-or-make condition. A move beneath the nearest support might translate to undesired losses by clearing the patch towards the $0.1617 mark. A potential upsurge from the closest foothold would position Stellar…
Ethereum (ETH) witnesses an unmatched surge in inactivity. The blockchain has remained active, from rising traction to institutional adoption. The surging demand saw gas fees in the ETH network spiking to $2.48 billion, higher than $1.7 billion a year ago. ETH’s bullish outlook throughout 2022 led to a lucrative surge in transactions and trading volumes,…
Jack Mallers – the CEO of Strike (a digital payments venue) – asserted that the utilization of Bitcoin (BTC) as a network of payments is greater than the bank or card-based processing systems. in addition to this, the executive drew a comparison between the primary crypto token as well as the Internet, mentioning that both…
The venture capital branch of KuCoin (a crypto exchange), as well as the NFT (non-fungible token) marketplace, have initiated a Creators Fund of up to $100M to assist in the growth of the early-stage projects of NFTs taking into account the GameFi as well as sports. Windvance NFT marketplace and KuCoin Ventures have established the…
The CISA (Cybersecurity and Infrastructure Security Agency) and FBI (Federal Bureau of Investigation) have released a warning on North Korea-based state-backed cyber threats aiming at blockchain firms in reaction to the Ronin Bridge exploitation that occurred in the previous month. The warning was released this Monday in collaboration with the Treasury Department as well as…
Wonder Technologies, located in Vancouver, has made a deal to buy another certified crypto platform in Canada after taking charge of Bitbuy Technologies in a month. WonderFi is a tech firm that provides economic services access through DeFi, showing intentions to expand its business in Canada by getting Coin berry cryptocurrency exchange for 38 million…